Breaking Headline

GCC to combat glut in markets

Published June 14th, 2006 - 02:26 GMT
Al Bawaba
Al Bawaba

Secretary General of the Arab Gulf Cooperation Council (GCC), Abdulrahman bin Hamad Al-Attiyah has disclosed the completion of the regulatory measures for the unified law to combat glut in markets and for compensation and preventative steps in the GCC states.


In a press statement, cited by SPA, Al-Attiyah said that the approval of the Saudi cabinet to implement the decision will contribute to combating "harmful" practices in international trade.

 

It should be noted that the GCC is made up of Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Bahrain and Oman.